KBR Inc. has been awarded a contract by Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq.
Drilling & production - 14 May 2018
Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses.
LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 000 bpd.
The Trump administration has withdrawn from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and plans to re-impose sanctions on the country.